Asking Price: $417,600 Gross Revenue: $750,000Cash Flow: $147,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $17,600 included in asking priceFF&E: $350,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This established, non-franchise dry cleaner opened more nearly four decades ago to service the Triangle community and have grown it into the multi-location center that it is today.
By owning the dry cleaning plant, the business is able to control costs through insourcing the cleaning services. The business takes in garments at the plant as well as six other drop centers across Raleigh, Chapel Hill, Cary, and Durham, transports them via a company owned & lettered vehicle. The company also offers a variety of garment services including dry cleaning, spot removal, alterations, and leather/suede repair. With the exception of the leather/suede & shoe repair, almost all of the labor is completed by staff members.
- Premium locations across the Triangle.
- Includes a dry-cleaning plant and service van for transportation of garments between facilities.
- A dozen employees with a long work histories.
- Long history in the Triangle; nearly four decades!
Room for growth with capacity to add commercial accounts.
Note: $17,600 in "inventory" is the accounts receivable of cleaned garments at seven locations that have been serviced and are ready for pickup. Sale price includes this "inventory."
About the Business
Number of Employees:
Building Sq. Ft.:
$20,000.00 Per Month
Seven Drop Centers at approximately 1,200 sq/feet positioned strategically around the Triangle including one 6,000 sq/foot dry cleaning plant with counter for service. All locations are in premium retail locations with excellent parking access.
Growth & Expansion:
Plenty of capacity for growth through commercial accounts and advertising.
REDUCED: Multi-Location Dry Cleaning Plant with Drop Centers
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.